Nasdaq crashes 500 points today: Why is the Nasdaq sliding more than 2% as tech stocks tumble — Is the US stock market in deep trouble amid the Iran war?
The Nasdaq crash today wiped out more than 519 points in early trading. The NASDAQ Composite fell 2.28% to 22,229.11. The S&P 500 dropped 2.2%. The Dow Jones Industrial Average also slid sharply. Investors are reacting to escalating Iran war tensions and an 8% surge in oil prices. Brent crude moved near $80. WTI crude jumped above $76. Rising energy costs are fueling fresh inflation fears. Treasury yields are climbing. Tech stocks like NVIDIA and Intel are falling. Bitcoin is slipping. Traders are cutting risk fast.